Escrow is a must to avoid disappointment - page 3.

bitkanu

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Activity: 2184

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Quote from: ?? on ??

Escrow only works to avoid not getting your rewards after bounty ends, understand that this won't solve problem to dump and it won't solve the problem of a project turning dead or useless later

As long as the project can keep the demand and it will not give the dump like what you have already stated above and you must understand the one thing that it's not all of the hunters were also selling their tokens to the exchange sites instantly.

So many times the hunters were still holding their coins in their wallet.

totoy4741

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Activity: 882

Merit: 13

Quote from: ?? on ??

Escrow guarantees that we will get paid for our work but not be very good value in the market. But escrow is a great first step amidst many bounties that don't pay off to hunters. There are several bounty managers implementing this and I think their campaign is worth following

Rewards will be at hunter's hands guaranteed but is does not give you any guarantee of tokens having a value, just like GEOMA DAO, that has been distributed already but still no progress or anything about it getting listed in any exchange. But still, hopefully someone from the moderators implements escrowing Rewards in every bounty projects so bounty hunters will get what they have worked for 100%.

Bossfidelity

copper member

Activity: 350

Merit: 1

Escrow is the best way out for bounty rewards to be secured. With the current nature of the cryptocurrency industry, where integrity is lacking. Bounty managers need to be extra careful in carrying out their job to prevent the project team from playing a fast one on them. I must commend bounty detective for the step taken in the right direction in their use of Escrow.

Wingsbtc

member

Activity: 210

Merit: 12

No matter who you are or how smart you are as a bounty hunter, there will come few times when you will choose or promote the wrong projects that won't earn you any penny, escrow can't fixed this, crap tokens will still come around

Pasutinmeur

full member

Activity: 302

Merit: 100

Quote from: someone703 on August 06, 2020, 05:29:06 AM

Quote from: daglordjames on August 06, 2020, 01:48:50 AM

I've participated an escrow bounty, but still I'm still disappointed because the bounty campaign that I've participated was fake and I have nothing to do with the reward.

Not understanding what you are trying to say, do you mean that the bounty you joined became a scam and the tokens became junk and you couldn't sell them at exchanges?

He was getting fooled by the scam bounty and he was only wasting a lot of his effort to promote the scam project. In fact, this is not the first time and so many people have been getting the same experience too when the bounty becomes crap and token can't be sold.

someone703

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Activity: 944

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Quote from: daglordjames on August 06, 2020, 01:48:50 AM

I've participated an escrow bounty, but still I'm still disappointed because the bounty campaign that I've participated was fake and I have nothing to do with the reward.

Not understanding what you are trying to say, do you mean that the bounty you joined became a scam and the tokens became junk and you couldn't sell them at exchanges?

Apostlekin$$$

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Activity: 238

Merit: 17

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Escrow is good, it erase the issue of team scamming investors when bounty ends, very good strategy for bounty managers like bounty detective team and julerz12, I hope many more bounty managers will start implementing escrow for bounty hunters

erikoy

full member

Activity: 686

Merit: 125

I believe that i am the project I promoted has been into escrow payments or it is the owner itself directly pay us to promote the project. Whichever it is I do believe that using a trusted escrow will do to make payments of rewards available to all who promote the project. But of course scam project do not intend to do.it so for in the first place they are creating a project to scam investors. And it may be hard for the organizer or owner of the project to trust the funds to some escrow service for others were not trusthworthy also even the good escrow service provider especially if huge amount of money being involved.

jademaxsuy

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Activity: 924

Merit: 221

Quote from: daglordjames on August 06, 2020, 01:48:50 AM

I've participated an escrow bounty, but still I'm still disappointed because the bounty campaign that I've participated was fake and I have nothing to do with the reward.

I do not understand what escrow bounty you mean. Most of the time escrow bounty had already set the rewards and being trusted to an escrow service. Usually a project like that succeed because the team for sure are not fraud and will do or implement the project. Escrow rewards to a certain project is one way to make sure that the rewards will be distributed to all who participated the promotion of the projects. This is why others are looking for a project like this but there are few then escrow service run away with the rewards and being tag as scammer or fraud.

daglordjames

member

Activity: 550

Merit: 10

I've participated an escrow bounty, but still I'm still disappointed because the bounty campaign that I've participated was fake and I have nothing to do with the reward.

wmaurik

hero member

Activity: 2058

Merit: 710

Quote from: bussybuddy on August 05, 2020, 10:04:42 AM

Quote from: Francis Freeman on August 05, 2020, 10:02:40 AM

Yes I agree wholeheartedly with the OP. The projects must establish a sense of trust for the bounty hunters by escrowing the bounty amount with a third party and this guranteeing payment.

And after the project failed, they couldn't raise money from the community. In the end, you just get ridiculous tokens and never sell them. It is not a good solution, we need solutions that can help the project to be successful in this market.

To make a successful project. support of a promotion with a bounty is not enough, especially if project that held a promotion is a new project I think they also need to use advertising platform and also have to improve their community.

bussybuddy

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Quote from: Francis Freeman on August 05, 2020, 10:02:40 AM

Yes I agree wholeheartedly with the OP. The projects must establish a sense of trust for the bounty hunters by escrowing the bounty amount with a third party and this guranteeing payment.

And after the project failed, they couldn't raise money from the community. In the end, you just get ridiculous tokens and never sell them. It is not a good solution, we need solutions that can help the project to be successful in this market.

Francis Freeman

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Activity: 1005

Merit: 502

Sovryn - Brings DeFi to Bitcoin

Yes I agree wholeheartedly with the OP. The projects must establish a sense of trust for the bounty hunters by escrowing the bounty amount with a third party and this guranteeing payment.

john_nautica

full member

Activity: 966

Merit: 102

Admittedly,in every deal nowadays, escrows have been a core element and so most parties tend to have one. Modern technology is full of cyber security issues and so escrow is important to have a smooth trade and develop good ties between the merchants, buyers and sellers. Additionally, it does give sanity and kind of confidence of being protected to the parties of a trade. Having an escrow is the way to avoid being scammed nowadays.

jajorforce

full member

Activity: 399

Merit: 100

Bitwings is totally scam projects as I take experience from other hunters. These hunters can't fall victim to these projects if they know about the ethereum mining process, up to 2 ETH/months by phone. "julerz12" bounty manager also supports the escrow process and I hope he will be back soon. Nothing will be changed to bounty hunters, if they get failed project coins by force escrow process.

PerfectCircle

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Activity: 252

Merit: 11

Many bounty projects ended well with out escrow and the team paid bounty hunters very well, escrow can't actually get rid of disappointments in bounties because some times escrow tokens can become useless too

forexandcryptoauditor

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Activity: 1190

Merit: 3

You are right. If bounty managers use ESCROW, bounty hunters will be confident working on bounty campaigns. Otherwise, there is no guarantee to receive payments as mentioned in the initial stages of bounty. However, if the project fails or not able to raise enough funds, there is no help with this escrow. I think ESCROW in ETH or BTC will work 100% for bounty hunters Grin

iTradeChips

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In my opinion, this is simply a case of bounty hunters setting up expectations. We all well know that not all projects can do escrow since they do not have good budgets to begin with. They allocate their budget and these will be use for their bounties. Bounty hunters just want to push an agenda - well a good agenda that is, but is oblivious to the reality of crypto projects and the 50/50 chance of success. If the project is not a success, then of course there is no way for a project to pay the bounty participants. So I think, we can dream all we want but this will not happen maybe in many years to come.

kesmex

full member

Activity: 1110

Merit: 104

Quote from: ?? on ??

Because of the Escrow, I have been doing all the bounties which are under the Bounty detectives management and that's why they always deliver their promises and payments. I think every bounty manager has to work with Escrow to provide security to bounty hunters regarding their tokens.

Even though they don't know exactly all the successful projects, the management is quite good. some projects have paid and some even exist in the market. it makes it clear the bounty hunter will get paid despite the small allocation.

although the payment is only a little, but if I already use escrow it is also enough I appreciate it,
because this will lead to a better bounty era, i hope so

VanityWallets2015

hero member

Activity: 1498

Merit: 506

Indeed, escrow is a key role in any transaction thus, most parties prefer to have one.
Especially in this crypto world, escrow is vital to have a good transaction and good relationships between the traders, buyers and sellers.
And having an escrow in the middle of every transactions give assurance and security for both parties.

Topic: Escrow is a must to avoid disappointment - page 3. (Read 1036 times)